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Run a ParaTime Node
Overview of the requirements to become a compute node on a ParaTime connected to the Oasis Network.
The Oasis Network has two main components, the Consensus Layer and the ParaTime Layer.
- 1.The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.
- 2.The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.
Operating a ParaTime requires the participation of node operators, who contribute nodes to the committee in exchange for rewards. ParaTimes can be operated by anyone, and have their own reward system, participation requirements, and structure.
As a node operator you can participate in any number of ParaTimes. While there are a number of ParaTimes under development, below are a few key ParaTimes that you can get involved in today. For operational documentation on running a ParaTime, please see the section on running a ParaTime node for node operators.
Cipher ParaTime
Emerald ParaTime
Cipher ParaTime
An Oasis Foundation developed ParaTime that will enable WebAssembly-based confidential smart contracts.
Overview
- Status: Deployed on Mainnet and Testnet
- Tesnet Launch Date: June 2021
- Mainnet Launch Date: October 2021
- Requires SGX: Yes
Features
- Fully decentralized with node operators distributed across the world.
- Oasis ROSE tokens will be the native token used in the ParaTime for gas fees.
- Support for WebAssembly smart contracts.
- Support for confidential compute.
Rewards
- The ParaTime will release tokens on-chain to reward nodes for participation.
- The reward program is 2 years long, and tokens will be released per epoch.
- The reward will be 10~20 ROSE tokens per entity per epoch, where the Oasis Protocol Foundation will make the final decision on the reward size upon the Cipher's Mainnet launch.
- Incentivized Testnet with ROSE tokens delegated by the Oasis Protocol Foundation to Testnet participants based on performance (rewards can be found here).
Emerald ParaTime
An EVM-compatible Oasis Foundation developed ParaTime that enables the use of EVM smart contracts on the Oasis network.
Overview
- Status: Deployed on Testnet
- Testnet Launch Date: October 2021
- Mainnet Launch Date: November 2021
- Requires SGX: No
- Parameters:
Features
- Fully decentralized with node operators distributed across the world.
- Oasis ROSE tokens will be the native token used in the ParaTime for gas fees.
Oasis Lab's Parcel ParaTime is also under development. If you're a developer and would like to start building applications on the Oasis Network with the Parcel SDK please sign up here.
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